2152 E Washington
Property Overview
Exceptional four-unit investment property in the prime Pasadena neighborhood of Brigden Ranch. Current CAP Rate 5% with excellent upside potential. This fully occupied multi-family property offers immediate, stable cash flow from day one with significant long-term rent upside. Built in 1948, this well-maintained property offers 2,376 square feet of living space on a spacious 8,100 square foot lot with ample parking, offering a diverse mix of two 1 bedroom/1 bath units, one 2 bedroom/1 bath unit, and a cozy studio. Potential to easily convert the studio to a 1 bedroom/1 bath unit for more than double the income. The generous lot size offers plenty of room for parking and possibly adding an additional unit. With quick access to the 210 Freeway, this property is situated in the highly accessible northern Pasadena neighborhood of Brigden Ranch, close to local parks, popular restaurants, local shopping, and public transportation lines. With it’s desirable location, well maintained units, and stable tenant base, this investment opportunity offers immediate returns and excellent upside potential.
Home Details
- Property type
- Residential Income - Quadruplex
- Year built
- 1948
- Lot size
- 8,118 sq ft
- Parking
- 5 spaces
- Garage
- 1 spaces
- Carport
- 2 spaces
- Stories
- 2
- Days on market
- 27
- MLS status
- Active
- Architectural style
- Cottage,Traditional
Features & Amenities
Interior
- All Bedrooms Down
Appliances
- Gas Range
- Refrigerator
- Water Heater
- Dryer
- Washer
Parking
- Assigned
- Asphalt
- Detached Carport
- Driveway
- Paved
Pool
- None
Lot
- Zero To One Unit Acre
Community, Schools & Utilities
Community
- View
- Mountains
- Annual property tax
- $13,001
Utilities
- Heating
- ForcedAir,WallFurnace
- Cooling
- WallWindowUnits
- Electric
- Standard
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 2152 E Washington
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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